CAL REDWOOD ACQUISIT-CL A (CRAQ) Stock Technical Analysis
NASDAQ:CRAQ - Nasdaq - Common Stock - Currency: USD
Taking everything into account, CRAQ scores 4 out of 10 in our technical rating. CRAQ has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, CRAQ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.99, a Stop Loss order could be placed below this zone.
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9.82
When analyzing the support we notice one important area.
- A support zone ranging from 9.92 to 9.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.00 to 10.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CRAQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRAQ is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CRAQ has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRAQ is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 53.6 | NEUTRAL | The RSI value for CRAQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests CRAQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 71.84 | NEUTRAL | The Stochastics value for CRAQ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for CRAQ suggests low volalility. |
| Average Directional Index/ADX (14) | 22.65 | NEUTRAL | The ADX value for CRAQ suggests a possible start of a new trend. |
10.001
+0 (+0.01%)